The USDJPY approaches the target – Analysis - 18-06-2020

2020-06-18 04:30:49 GMT (Economies.com)
 

The USDJPY pair resumed its negative trades clearly to approach our waited target at 106.44, falling under continuous negative pressure coming by the EMA50, to support the chances of breaking the mentioned level and open the way to extend the bearish wave on the short term basis, noting that the next target reaches 105.20.

 

Therefore, we suggest the domination on the bearish trend in the upcoming sessions unless the price rallied to breach 107.68 and hold above it.

 

The expected trading range for today is between 106.00 support and 107.50 resistance

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1836
0.0126
1.0777%
1.3100
0.0085
0.6523%
Tadawul
7499.97
10.08
0.13%
28.598
4.351
17.942%
41.835
1.400
3.462%
45.04
-0.06
0.13%
2062.210
92.855
4.715%
 
 
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